Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
Shawcor Ltd. (SCL-T) announced the sale of its oilfield asset management (OAM) operating unit to Force Inspection Services Inc. in a transaction generating at least $15-million in gross proceeds.
Shawcor will retain OAM-related Western Canadian real-estate assets, which the company said it could sell at a future date.
As part of the transaction, Shawcor has agreed to lease these properties to Force.
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Canada Goose Holdings Inc. (GOOS-T) announced that the Toronto Stock Exchange approved its share buyback program. The company plans to buy back up to 5,421,685 subordinate voting shares over the next year, or about 10 per cent.
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GreenFirst Forest Products Inc. (GFP-T) announced the adoption of a shareholder rights plan. It said the plan is not being adopted in response to any specific proposal to acquire control of the company, and the board is not aware of any pending or threatened takeover bid.